As widely speculated, Airbnb has reportedly closed a new round of fundraising that values the company at $10 billion.

Led by private equity firm TPG, the round of funding–yet to be confirmed by the San Francisco startup–is said to total $450 million, according to the Wall Street Journal, or $500 million, according to TechCrunch. Fast Company has reached out to Airbnb and will update this post when we hear back.